Canada’s Rich Getting Richer: Gap Grows Between 1% and 99%

Statistics Canada published its latest report on Canada’s high-income earners Monday, finding that Canadians earning at least 201,400 Canadian dollars (US$199,603) were in the top 1% of Canada’s 25.5 million tax filers. That’s up 37% from the C$147,500 that the top 1% earned back in 1982 when Statistics Canada began tracking the data.

The data agency also found that the income gap between the top 1% and the rest of Canadians has widened over time.

Back in 1982, the median income of the top 1% was C$191,600, about seven times higher than the median income of C$28,000 for the other 99%. In 2010, the median income of the top 1% rose to C$283,400, nearly 10 times higher than the median of $28,400 the rest of Canada was making.

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